As a Nebraska money transmitter, you are regulated by the state’s Department of Banking and Finance. However, your license and the related surety bond are file through NMLS, the Nationwide Mortgage Licensing System.
Upon purchase, our agency will electronically file your surety bond on your behalf.
The standard amount of surety bond is a $100,000 bond amount, but depending on how the Department’s Director mandates for your company, the amount may be increased to $250,000 surety bond.
According to Nebraska Statute 8-2727, the amount of a Nebraska money transmitter bond required is as follows based on the most recent 4 quarter calendar period prior to the filing of the renewal application:
Up to $2 million - $100,000 surety bond;
Applicants for the Nebraska money transmitter bond will need the following to qualify through our agency:
Upon approval, our agency offers your surety bond at the following premiums, which is 1.5%:
For all amounts of your money transmitter bond, the option exists to prepay your premium for up 3 years. Doing so, will offer you a savings over year to year renewal of your bond’s premium, besides lengthening the time between renewals.
You should keep in mind, however, that you may require a different surety bond amount at renewals; and premiums are not refunded by our agency.
The purpose of the money transmitters bond is a financial guarantee which ensures your compliance with the Nebraska Money Transmitters Act, and any subsequent amendments to this legislation.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit surety bonds throughout Nebraska. We also provide surety bonds nationwide.
Please call our agency today at:
Or, you may fill out the form below and an agent will contact you….